This is wild. Especially since the US separates tippable jobs.
I just looked this up. $7,25 is 6,68€
In Germany minimum wage is 12,41€ ($13,47) as of its last adjustment Jan 24. Thats f*cking DOUBLE. Further adjustments are already planned. And there is no difference between wait staff and other workers.
Here the leading argument is, that one full time job on minimum wage should provide you the minimum you need to live on. You can not live on 7,25 working only 40h a week, can you?
There was a study a few years back showing that there isn’t a county in the country where full-time minimum wage could pay for a 1br apartment and basic necessities.
That should be the bare minimum. A full-time worker should be able to live within a reasonable proximity to their place of employment. I make 80 grand and have to drive 90 minutes to work.
Realistically for housing to be 1/3 of your income, the minimum wage should be closer to $20/hr right now. I live in a pretty small town and most basic 1Br apartments are starting at ~$700/mo so around $1k/mo once you factor in utilities. If we round the numbers a bit, 3000/160=18.75 so housing would be a bit less than 1/3 of gross income, and noticeably less than 1/3 of the person’s income after taxes and insurance.
The abysmal wages compared to the cost of living are why micro-financing (“Buy now pay later”) is a thing now
This is wild. Especially since the US separates tippable jobs.
I just looked this up. $7,25 is 6,68€
In Germany minimum wage is 12,41€ ($13,47) as of its last adjustment Jan 24. Thats f*cking DOUBLE. Further adjustments are already planned. And there is no difference between wait staff and other workers.
Here the leading argument is, that one full time job on minimum wage should provide you the minimum you need to live on. You can not live on 7,25 working only 40h a week, can you?
There was a study a few years back showing that there isn’t a county in the country where full-time minimum wage could pay for a 1br apartment and basic necessities.
That should be the bare minimum. A full-time worker should be able to live within a reasonable proximity to their place of employment. I make 80 grand and have to drive 90 minutes to work.
Country in the world or county in the country?
Realistically for housing to be 1/3 of your income, the minimum wage should be closer to $20/hr right now. I live in a pretty small town and most basic 1Br apartments are starting at ~$700/mo so around $1k/mo once you factor in utilities. If we round the numbers a bit, 3000/160=18.75 so housing would be a bit less than 1/3 of gross income, and noticeably less than 1/3 of the person’s income after taxes and insurance.
The abysmal wages compared to the cost of living are why micro-financing (“Buy now pay later”) is a thing now
…ideally, minimum wage should be set per-county at three times one standard deviation below the mean housing cost…
(3 * ((600 SF * σ $/SF) * FHA 30-Year Mortgage)) / 2080